Smoke and mirrors
Language: English Series: Taxation ; 158(4087) 7 December 2006, 248-250(3)Publication details: 2006Subject(s): Summary: Discusses the case of Arnander and others v Revenue and Customs ([2006] UKSPC SPC00565) (L136910) where the executors argued for agricultural property relief for inheritance tax purposes on a farmhouse. Issues arising concerned whether the house had the characteristics of a farmhouse,and whether the building was disproportionately large compared to the land to be considered a farmhouse. The owner also appeared to have only a small part in farming operations. "Held": the executors failed to persuade the Land's Tribunal that the full value of the estate house could properly be regarded as agricultural value for the purpose of agricultural property relief.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Archive | London Journal article | L136094 (Browse shelf(Opens below)) | 1 | Available | 136094-1001 |
Discusses the case of Arnander and others v Revenue and Customs ([2006] UKSPC SPC00565) (L136910) where the executors argued for agricultural property relief for inheritance tax purposes on a farmhouse. Issues arising concerned whether the house had the characteristics of a farmhouse,and whether the building was disproportionately large compared to the land to be considered a farmhouse. The owner also appeared to have only a small part in farming operations. "Held": the executors failed to persuade the Land's Tribunal that the full value of the estate house could properly be regarded as agricultural value for the purpose of agricultural property relief.